Loughborough BS launch new fixed-rate and discount mortgages
Loughborough Building Society has launched a range of new fixed-rate and discount mortgage products as it attempts to offer more choice to existing borrowers and first-time buyers alike.
Loughborough has created a new, three-year, 1.5 per cent discount mortgage for new purchases and those looking to remortgage. The product comes with a maximum loan-to-value (LTV) of 85 per cent and a competitive variable rate starting at 3.49 per cent.
The product complements the society's 3.99 per cent, 90 per cent LTV mortgage offering - which is aimed specifically at first-time buyers.
Loughborough's existing range has also been bolstered with the introduction of an innovative new five-year product that boasts a rate of 4.24 per cent and a maximum LTV of 80 per cent.
On top of this, the building society has increased the maximum LTV of its existing two and three-year products from 80 per cent to 85 per cent.
"Our new deals and products offer more benefits and competitive options to customers," Gary Brebner, chief executive officer of the building society said.
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